Gmt 1675

[jctrolex]

I just saw a 1978 GMT 1675 on Hodinkee this morning for sale at $28,000 and it was sold as soon as it hit the internet. It seems the price for these gets crazier each time one comes up for sale. One could buy a 1675 for less than $4k 10 years ago. I know its all about condition and certain dial and all that but the prices still seems pretty crazy in general. I am just wondering if this is just a big bubble ready to be burst when people come to their senses. After all Rolex made a ton of these back in the days when they were selling them for under $300 in PXs around the world so they really are not that rare.
As you can see on my Avatar I have a 1675 and I am wondering if I should cash in on this craziness or just hold on to it for my son. I don't need the money and I love the watch but it has come to the point that I am almost too afraid to wear it because of its perceived value.

[southtexas]

Welcome to the wonderful world of (sport model) vintage. That “bubble” has been about to pop for years now.


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[berchris]

I am not very knowledgeable on GMTs but I think this particular 1675 sold for that price due to the rarer "radial dial". That and the Hodinkee effect..

I am on the hunt for a '78 1675 and have looked at a ton of 1675s over the last two weeks. My biggest takeaways are that (a) the demand is there, and (b) prices are all over the place due to variations in the dial. Scarcity of newer sport model Rolex watches has also driven up the demand for vintage.

Maybe you could sell your 1675 for a chunk of change now, but you can only speculate on future worth. The question I would ask is, do you need to sell it? If not, hold on to it and pass it to your son.

[bronxbombers42]

I spent the better part of two years waiting for the bubble to burst. Not only did I end up paying a lot more for my 1675 than I would have if I didn't wait, I missed out entirely on picking up a BLNR on the gray market when they were priced more closely to MSRP. The "bubble" exists across the entire Rolex sports line, and I don't see it bursting any time soon

[fskywalker]

Originally Posted by berchris

The question I would ask is, do you need to sell it? If not, hold on to it and pass it to your son.

This!


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[jctrolex]

I don’t need the money and I don’t buy watches for speculative reasons. I bought them because I like them. I’ve always liked the GMT and I was fortunate enough to be able to find one before all this craziness started. The reason I posted the question is because like I said I’m almost afraid to wear it because of its perceived value. I guess I’ll take the wisdoms given here and start to enjoy wearing it again and leave it for my son who also appreciate nice time pieces.